Did PRC Trick Fed Employees With Treats?

Fed’s Powell denies his employees were bought by China to spy on US as GOP Cte says & Commies whine US is criminalizing student & research exchange programs. One Q: What would PRC do if shoe fit other foot?

You think those paid for American “assets” in China would be in jail right now? Even though, as the WSJ reports, “the Chinese government denies that it conducts espionage and cyberhacking operations”? According to the whistleblowing congressional Republican report, the Fed itself began to investigate Chinese operations “after an unspecified outside entity warned that foreign adversaries had tried to build relationships with Fed researchers typically by offering ‘compensated contractual relationships” that some might consider cash bribes. Identified were 13 “people of interest”, dubbed the “P-Network” by internal investigators, who were employed at 8 of the 12 regional Fed banks over a 10-year period. Among other things, they were asked to provide nonpublic information on the US economy, interest rate exchanges and policies. In one case, the GOP report alleges one economist was detained in 2019 in the midst of a trade war & “tried to coerce” him to share data & information on US policies, including tariffs. It doesn’t say whether sensitive let alone secret information was compromised.

Apparently, the GOP congressmen blew the whistle on the Fed for not mounting an “adequate response.” Fed Chairman Powell “strongly disputed its findings as “unfair characterizations” of some of his employees. Still, as the WSJ notes, “China has mounted what US counterintelligence officials says is among the broadest campaigns to obtain US gov’t information & proprietary business” as well as secret scientific & technology research. And, apparently one of the PRC’s tricks are the treats it allegedly offered those Fed employees …

Davd Soul